https://www.taxtmi.com/caselaws?id=427376 The Tribunal admitted the petition under Section 100 of the Insolvency and Bankruptcy Code, initiating the Insolvency Resolution Process against the Personal Guarantor and declaring a moratorium. The Resolution Professional's recommendation for admission was supported by the existence of documents, default by the Corporate Debtor, and the Personal Guarantor's failure to discharge outstanding dues. Despite the Personal Guarantor's non-response, the Resolution Professional was appointed to facilitate the process, including public notice for creditor claims, preparation of a repayment plan, and conducting creditor meetings. en-us Thu, 18 Aug 2022 00:00:00 +0530 Thu, 08 Sep 2022 07:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427376 The Tribunal admitted the petition under Section 100 of the Insolvency and Bankruptcy Code, initiating the Insolvency Resolution Process against the Personal Guarantor and declaring a moratorium. The Resolution Professional's recommendation for admission was supported by the existence of documents, default by the Corporate Debtor, and the Personal Guarantor's failure to discharge outstanding dues. Despite the Personal Guarantor's non-response, the Resolution Professional was appointed to facilitate the process, including public notice for creditor claims, preparation of a repayment plan, and conducting creditor meetings. Case-Laws Insolvency and Bankruptcy Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427376